v3.26.1
Leases (Tables)
12 Months Ended
Dec. 27, 2025
Leases [Abstract]  
Schedule of Supplemental Balance Sheet Information
The following table details the total investment in operating and finance leases where the Company is the lessee:
(in thousands)
Balance Sheet LocationDecember 27,
2025
December 28,
2024
As Restated
Right-of-use assets
Finance leases Property and equipment, net$24,286 $18,809 
Operating leasesOperating lease right-of-use assets513,458 451,793 
Total right-of-use assets$537,744 $470,602 
 
Current lease liabilities
Finance leases Current portion of long-term debt$6,683 $5,417 
Operating leases Accrued expenses and other liabilities47,094 42,417 
Total current lease liabilities$53,777 $47,834 
 
Long-term lease liabilities
Finance leases Long-term debt$19,181 $13,892 
Operating leasesOperating lease liabilities501,506 439,838 
Total long-term lease liabilities$520,687 $453,730 
Schedule of Cash Flow Related to Lease Arrangements
The lease cost for operating and finance leases recognized in the consolidated statements of operations were as follows:
(in thousands)
December 27, 2025December 28, 2024December 30, 2023
As RestatedAs Restated
Amortization of right-of-use assets$6,879 $5,501 $3,957 
Interest on lease liabilities1,530 1,368 811 
Operating lease expense82,578 75,544 70,077 
Short-term lease expense2,129 1,756 1,378 
Variable lease expense940 956 1,515 
Total lease expense, net$94,056 $85,125 $77,738 
Supplemental cash flow information related to the lease arrangements were as follows:
Year Ended
(in thousands)December 27, 2025December 28, 2024December 30, 2023
As RestatedAs Restated
Cash paid for amounts included in the measurement of lease liabilities:
     Operating cash flows used in operating leases$79,503 $72,958 $62,541 
     Operating cash flows used in finance leases1,530 1,368 811 
     Financing cash flows used in finance leases5,472 4,390 2,857 
Right-of-use assets obtained in exchange for lease obligations:
     Operating leases$120,100 $77,176 $105,176 
     Finance leases13,074 6,283 5,858 
Schedule of Assets and Liabilities, Lessee
Year Ended
December 27, 2025December 28, 2024
As Restated
Weighted average remaining lease terms (years)
Operating11.811.3
Financing7.14.6
Weighted average discount rate
Operating6.35 %6.19 %
Financing6.31 %6.61 %
Schedule of Finance Lease, Liability, to be Paid, Maturity
As of December 27, 2025, future minimum lease payments under noncancellable leases were as follows:
(in thousands)FinanceOperatingIncome from Subleases
2026$8,256 $83,816 $3,236 
20277,553 79,960 2,953 
20283,910 73,425 2,145 
20292,397 68,232 865 
20301,052 63,355 816 
Thereafter10,025 444,490 1,904 
Total undiscounted cash flows$33,193 $813,278 $11,919 
Less: Present value discount7,329 264,678 
Less: Current lease liabilities6,683 47,094 
Long-term lease liabilities$19,181 $501,506 
Schedule of Lessee, Operating Lease, Liability, to be Paid, Maturity
As of December 27, 2025, future minimum lease payments under noncancellable leases were as follows:
(in thousands)FinanceOperatingIncome from Subleases
2026$8,256 $83,816 $3,236 
20277,553 79,960 2,953 
20283,910 73,425 2,145 
20292,397 68,232 865 
20301,052 63,355 816 
Thereafter10,025 444,490 1,904 
Total undiscounted cash flows$33,193 $813,278 $11,919 
Less: Present value discount7,329 264,678 
Less: Current lease liabilities6,683 47,094 
Long-term lease liabilities$19,181 $501,506 
Schedule of Future Minimum Lease Payments from Subleases
As of December 27, 2025, future minimum lease payments under noncancellable leases were as follows:
(in thousands)FinanceOperatingIncome from Subleases
2026$8,256 $83,816 $3,236 
20277,553 79,960 2,953 
20283,910 73,425 2,145 
20292,397 68,232 865 
20301,052 63,355 816 
Thereafter10,025 444,490 1,904 
Total undiscounted cash flows$33,193 $813,278 $11,919 
Less: Present value discount7,329 264,678 
Less: Current lease liabilities6,683 47,094 
Long-term lease liabilities$19,181 $501,506